Infosys rolls out salary revision letters with lower 5-8% average hikes

IT services firm Infosys on Tuesday sent salary revision letters to employees, with a raise of between 5% and 8% to most of them depending on their performance rating, according to people briefed on the matter.Solid and exceptional performers, who are in a smaller number, though got a double-digit increase, the people said.

The company increased the salaries under the broad classifications of “met expectations”, “commendable performance” and “outstanding performance”.

The employees assessed at “met expectations” got a 5-7% increase,…